Retirement Benefit Fund Act

[AI summary unavailable — showing source text] Retirement Benefit Fund Act - Declares the findings and policies of this Act. Sets forth the definitions of terms used in this Act. Title I: Retirement Benefit Funds - Directs the Securities and Exchange Commission to prescribe rules necessary to carry out the provisions of this Act, including rules for the operation of Retirement Benefit Funds. Establishes a Retirement Fund Division within the Securities and Exchange Commission. Authorizes the Commission to appoint and fix the compensation of such attorneys, actuarial consultants, and other employees as may be necessary for carrying out the functions of the Retirement Fund Division under this Act, without regard to specified provisions governing appointments and pay rates. Authorizes to be appropriated such sums as may be necessary to enable the Retirement Fund Division to carry out its functions and duties. Directs the Commission to submit annually a report to the Congress covering its activities under this Act during the preceding fiscal year. Provides that applications to be authorized to operate as a fund shall be filed with the Commission, in such form and containing such information and documents as the Commission shall pres…